WILMINGTON, NC (WWAY) -- Some top economic experts were on the campus of UNCW talking..you guessed it..our local economy. Experts say our economy will grow faster than that of the state and the nation. They expect personal incomes to grow over 3 percent during 2011.
In addition, the government's Base Realignment and Closure plan may have a significant impact on our economy by closing smaller bases and transferring those troops to larger bases like Fort Bragg and Camp Lejune.
"Certainly we will see direct growth as a result so there are people who will live in this community because their spouse may have a job here and they may commute to Camp Lejune," said Scott Darney of the North Carolina military business center.
Darney says troops and their families will definitely contribute to the local economy even if they aren't living in the area permanently. "You'll also see transient folks like people who have vacation homes and people doing more vacations here and in the retail economy as well so its not only growth that's going to happen in the host community but all the way throughout this region," Darney said.
While the economy is expected to stabilize, economists think unemployment will remain high over the next year.